Stay Informed with CUTimes

Thanks for subscribing, you will start receiving the Daily News Alert tomorrow!

Phishing Attacks Continue to Evolve, Proliferate

Phishing attacks continue to be a popular way for cybercriminals to go after American consumers' bank accounts through tricking them into giving up their logins and passwords.

Just more than 16,000 individual attacks were recorded worldwide in November 2010, according to RSA, the Security Division of EMC, a 5% increase over the month before.

But there's a new twist. "One of the latest types of phishing attacks to emerge is one that simultaneously targets the brands of multiple organizations through a single attack," the company said in its December report issued today, noting the proliferation of easy-to-use phishing software kits on the black market.

Tactics include distributing the attacks under the guise of important notices from tax collection agencies of different countries, using e-mails that also include a list of bank logos that invite the recipient to click and claim a tax refund.

Another scam that appears to be growing in popularity is phishing e-mails that look like customer satisfaction surveys from major consumer brands. They promise a monetary award to participants but ask for online banking credentials so the award can be credited.

American credit unions were the focus of 10% of attacks on financial institutions in both October and November, RSA said. Nationwide banks account for about 70% of the attacks, regional banks the rest.

And while international agents get the blame for much of the malware and Trojan attacks on U.S. financial institutions, RSA noted that about 64% of the phishing attacks it recorded were hosted in the United States. Canada was second at 7%. Russia was the host for only 2.5%.

Comments

More News

Resource Center

View All »

A Path Chosen Prudently

In today's complicated credit card landscape, choosing the correct path between self-issuance or agent banking...

Winning the War on Cybercrime: The Four Keys to Holistic...

This white paper examines the importance of adapting to changes in fraud attacks without significant...

FFIEC Proposed Guidance on Social Media and How it Affects...

To learn how you and your institution can stay compliant with the new proposed FFIEC...

The Rise of "Mobile Commerce" and How it Affects YOU!

Could plastic cards become a thing of the past? This white paper explains what constitutes...

Key Indicators of High Performing Credit Unions

Get a complimentary demo of our loan portfolio analytics and access to the white paper,...

CUT Daily eNews

Credit Union Times delivers breaking news and information you need to make the right decision for your organization - FREE. Sign up now!

Career Listings
Recent Career Listings
Browse Career Listings

Advertisement. Closing in 15 seconds.